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December 5, 2024

2024 Hydraulics Industry Growth Trends & What It Means for Your Business

If you're struggling to keep up with customer demands in the hydraulics market, you're not alone. Supply chain delays, increasing order complexity, and pressure to deliver faster are challenging distributors across the industry. 

But there's good news: the hydraulics industry is growing, and with the right approach, you can turn these challenges into opportunities.

Hydraulics Industry Growth

The global hydraulics market is set to grow from $45.3 billion in 2023 to $54.1 billion by 2028. This growth is driven by real demands: more construction projects, increased material handling needs, and modernizing agricultural equipment. 

Understanding the Growth Impact

This industry expansion is creating specific challenges for hydraulics distributors. Order volumes are increasing, but so are expectations. 

Customers who previously accepted week-long lead times now need components in days or even hours. They're expanding their operations and can't afford to wait.

For instance, the rise in construction and infrastructure projects means more emergency repairs and urgent maintenance needs. Manufacturing automation is driving demand for precise, high-quality components delivered on strict schedules. 

What This Growth Means for Your Business

hydraulic industry growth

Your customers are facing new challenges:

  • Construction companies need faster component delivery to avoid project delays
  • Manufacturing facilities can't afford downtime due to missing parts
  • Agriculture customers need reliable support during critical harvest periods

The industry is changing to meet these needs. New electrohydraulic systems deliver better control and power, while improved seals, coatings, and lubricants are helping customers reduce maintenance needs. 

But having access to these solutions is only useful if you can get them to your customers when they need them.

Where the Hydraulics Market is Heading

North America remains the largest market for hydraulic equipment, but the Asia-Pacific region is growing fast. This shift means your supply chain needs to be ready for changing market dynamics and potential new opportunities.

Solving Your Hydraulics Distribution Challenges

hydraulics distribution

The key to growing in this market isn't just about having the right products—it's about having them when your customers need them. Here's what matters:

  1. Reliable inventory access to prevent stockouts
  2. Same-day fulfillment capabilities for urgent orders
  3. Quality components that won't fail in the field
  4. A partner who responds quickly to your needs

Many distributors lose customers because they can't deliver components fast enough or struggle with unreliable suppliers. The solution is working with a partner who understands that every order affects customer relationships and treats your business accordingly.

Taking Action

If you're tired of:

  • Telling customers their order is delayed
  • Dealing with unresponsive suppliers
  • Missing out on sales due to stock issues
  • Losing customers due to long lead times

Our team is here to help. We specialize in same-day fulfillment and maintain a reliable stock of quality hydraulic components. We've helped distributors nationwide strengthen their customer relationships through consistent, reliable service.

Request a quote today and see how we can help you take advantage of the growing hydraulics market while better serving your customers. 

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